A couple of million money switch beneficiaries are this week set to obtain Ksh eight,000 every in month-to-month stipends.

This follows final weeks transfer by the federal government to disburse Ksh eight.56 billion.

Labour and Social Safety Cupboard Secretary Ukur Yatani mentioned every of the 1,070,238 beneficiaries will obtain Ksh eight,000.

The cash will cowl 4 months for all of the beneficiaries enrolled within the three programmes underneath the Consolidated Money Switch Programme (CCTP).

Get breaking information in your Cellular as-it-happens. SMS ‘NEWS’ to 22163

The cash will likely be wired on to the financial institution accounts of beneficiaries, he mentioned.

“Beneficiaries and caregivers can entry the cost at their very own comfort over the following six months,” Yatani mentioned. “This can guarantee they don’t crowd the pay factors as cash is of their accounts”.

Social Safety Principal Secretary Nelson Marwa mentioned the beneficiaries will likely be paid from March to June 30th to finish the 2018/2019 monetary yr.

“Below a brand new cost mannequin, there is no such thing as a mounted timeline for accessing cost since it is a regular checking account and beneficiaries can entry funds at their very own comfort wherever within the nation”, Marwa mentioned,

287,278 beneficiaries will profit underneath the orphans and weak kids money switch programme whereas 753,376 older individuals will likely be lined.

A complete of 29,584 individuals with extreme disabilities underneath the programme will likely be lined.

Below the programme, a beneficiary is required to verify the quantity in his/her account first and is allowed to both withdraw all or a portion of this quantity and make sure the identical on the receipt issued.

The cost will likely be achieved by the 4 contracted banks – Co-operative Financial institution, Fairness Financial institution, Kenya Industrial Financial institution and Publish Financial institution.

Beneficiaries can determine themselves utilizing both Inua Jamii cost card or Nationwide id playing cards.

A beneficiary or caregiver going for cost for the primary time should transact biometrically.

Marwa mentioned that solely these beneficiaries or caregivers who had opened their accounts with banks of their selection between 26th November 2018 and 18th Could 2019 will profit from the most recent funds.

Beneficiaries who’ve or may have efficiently opened financial institution accounts between 19th Could and 28th June 2019 will likely be within the July /August 2019 cost cycle.

“All of the beneficiaries who have been purported to have opened an account  however by no means managed to take action by 28th June 2019 will likely be given a possibility to open accounts in a brand new section,” Marwa mentioned.

Marwa mentioned the federal government will solely disburse the month-to-month stipends to beneficiaries who had opened financial institution accounts.


Leave a Reply

Your email address will not be published. Required fields are marked *